A Scientific Solution of the Money Question
A Scientific Solution of the Money Question
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In our eReader you can find the full English version of the book. Read A Scientific Solution of the Money Question Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Scientific Solution of the Money Question
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It is the wants of the people that is the cause of trading, and because of the monopolization of the medium of trade, they are actually compelled to make industry top heavy and unstable.
I have shown that money is, from the scientific standpoint, circulating credit, and credits that are not circulating are termed stationary credits.
Now the channel of circulation is filled with these forms of credit, and in order that trade and com- merce should be facilitated, it is essential that the material... with which the channel is filled, be kept in circulation.
Like blood in the human body, it must circu- late freely and unhindered to keep trade in a healthy condition.
The effect of legislation restricting monetary issues by taxation or otherwise, is to increase the amount of that class of credit which may be termed sluggish or stationary. It is circulated slowly and with difficulty. The demand for money being greater than the supply, recourse is had naturally to the medium of personal credits, 276 A SClENflFIC SOLUTIOl^ which are essentially sluggish.
What to read after A Scientific Solution of the Money Question?
You can find similar books in the "Read Also" column, or choose other free books by Kitson Arthur to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is the wants of the people that is the cause of trading, and because of the monopolization of the medium of trade, they are actually compelled to make industry top heavy and unstable.
I have shown that money is, from the scientific standpoint, circulating credit, and credits that are not circulating are termed stationary credits.
Now the channel of circulation is filled with these forms of credit, and in order that trade and com- merce should be facilitated, it is essential that the material... with which the channel is filled, be kept in circulation.
Like blood in the human body, it must circu- late freely and unhindered to keep trade in a healthy condition.
The effect of legislation restricting monetary issues by taxation or otherwise, is to increase the amount of that class of credit which may be termed sluggish or stationary. It is circulated slowly and with difficulty. The demand for money being greater than the supply, recourse is had naturally to the medium of personal credits, 276 A SClENflFIC SOLUTIOl^ which are essentially sluggish.
What to read after A Scientific Solution of the Money Question?
You can find similar books in the "Read Also" column, or choose other free books by Kitson Arthur to read onlineMoreLess
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